How To Make Money On Slot Machines
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New slot machine players are going to find a lot of advice for beating the slots. Have a healthy skepticism when a slots expert tells you they know how to beat the slot machines. Among the games in a casino, video slots (in general) have a high house edge. Besides finding gaming machines with high jackpots and a low house edge, no skill or strategy is required to play slots. That means you can’t expect to increase your odds of winning in most situations.
Read through the advice below to optimize your chances of winning at slots. None of the advice assures winning sessions. Instead, it helps you stretch your bankroll, so you enjoy playing the slots longer. Also, the longer your bankroll lasts, the more chances you’ll have of hitting the big jackpot every slots player wants.
Use a Slots Card
Upon entering a live casino, sign up for a slots card. This provides comps and cashback, which automatically lowers the house edge by a bit. Never play a spin without using your slots card. In an online casino, accept the highest slots bonus and play according to the terms and conditions until you meet the wagering requirement. Once again, this lowers the house edge on online slots.
Make Max Bets
Look at the payout chart on a slot machine to determine how jackpots are paid. On many slot machines, the 5-coin bet pays out a higher percentage on the top fixed jackpot. For instance, a 1-coin bet might pay $200, a 2-coin bet might pay $400, a 3-coin bet might pay $600, and a 4-coin bet might pay $800. You might expect the 5-coin bet to pay $1000, but many slot machines pay out $1200 or $1500 in that case, trying to convince bettors to make the max bet.
If the jackpot increases a bigger percentage with a maximum coin wager, then it makes sense to make the max bet on a slot machine. If the bet size is too high for your tastes, then lower the coin denomination and make a max bet at that level. Of course, if there is no additional jump between the 4-coin and 5-coin bet, then you can wager a single coin and max out the coin denomination to the bet size you like.
Read the RTP Information
Cash Money Slot Machine
If an online casino or land-based casino publishes its return-to-player information, read through the RTP percentages to find the video slots with the best RTPs. Return-to-player or expected return is the percentage of a theoretical $100 you expect to see returned to you. It is a theoretical percentage based on probability, so an RTP of 95% does not assure you’ll be paid $95 for every $100 you put in the machine. You might lose $50 or you might win $150, or you might win a progressive jackpot and go home rich.
The point of the RTP percentage is to give a player an idea of their expected return. If two slot machines sit next to one another and one has an RTP of 93% and the other an RTP of 95% (and both have similar jackpots), then it pays to play the game with the higher percentage. Over time, this leads to you maintaining a higher percentage of your bankroll.
Money Management Techniques
Read about bankroll management techniques. “Money management” or “bankroll management” is a series of steps you take to lock on winnings when good luck happens and limit your losses when a bad streak occurs. These do not assure that you’ll win, but it optimizes your bankroll.
Players should know three core bankroll management methods: percentage betting, win goals, and loss limits. Learn to calculate your bankroll and divide this into percentages. Then bet between 1% and 5% of your bankroll on any given hand, depending on your capacity for risk. This limits the amount of your stake you lose on any given session, keeping you playing for longer throughout your vacation. It is a given that people go to the ATM machine or credit card when they lose their whole bankroll — which means you spend more than you intended. The point of percentage betting is to assure your bankroll last through your whole trip, so you never have to replenish.
What Is a Bankroll?
“Bankroll” is not defined as your entire bank account. It isn’t defined as your discretionary spending budget or the money you have earmarked for entertainment expenses. Instead, it is a part of your discretionary spending cash and entertainment budget which is set aside specifically for gambling. In this case, a bankroll is less than your entertainment budget.
Once you have your bankroll figured, divide this into easy to understand percentage. If you have a bankroll of $1000, then divide this into percentages. These are simple calculations, but you should have an understanding of 1%, 2%, 5%, 10%, and 20% of your bankroll. In the earlier example, 1% would be $10, while 2% would be $20. 5% would be $50, 10% would be $100, and 20% would be $200.
Now that you have these, decide whether to bet 1% to 5% of your bankroll. Most experts suggest betting no more than 1% to 2% in order to maintain your bankroll throughout your casino trip or online slots session.
Setting a Win Goal
Next, set your win goal. This is the amount of winnings you set as your goal for any given slots session. If you have a win goal of 10%, then your win goal would be $100 for any given slot machine sessions. As soon as you hit that goal, you walk away from the slot machine — no matter what. A win goal is a hard-and-fast rule, because it locks in winnings. One of the biggest mistakes players make is losing back their winnings, because they think they’re on a hot streak.
Setting a Loss Limit
Even more dangerous is trying to win back cash you just loss. To protect against this tendency, set a loss limit. Once again, make this your hard-and-fast rule. Typical loss limits can be 5%, 10%, 15%, or 20% — though 20% means you could lose the entire bankroll in 5 slots session. 10% to 15% is a good middle ground. Once you’ve lost that amount, walk away from the slot machine under all circumstances. The slots game is not “due” to pay out, so step away from the machine and clear your mind.
Win goals and loss limits guard against gambler’s fallacy. Gambler’s fallacy is the idea that the law of averages assures or weight the odds in your favor. Slots use random number generators and every spin is entirely separate from the previous spin. Losing the last spin does not make it more likely you’ll win the next spin. The odds stay the same, no matter how many wins or losses in a row you’ve had.
Avoid Progressive Betting
For that reason, avoid progressive betting systems like the Martingale system, D’Alembert system, Fibonacci system, and so on. Betting experts have used computer simulations to track the progressive betting methods against flat betting (same bet each spin). Flat betting beats all of the progressive betting schemes over 1 billion spins.
Progressive betting seems like it’s working, because it leads to a lot of small winning sessions. The problem is that it also has a handful of huge losing sessions which wipe out all the wins — and then some. You can’t beat the house edge with the Martingale system, however it might look to the naked eye. The Fibonacci numbers are incredible, but they are not a magical way to beat the casino.
The reason progressive bets are bad is they increase the size of your bets (in some systems exponentially). If you start with $5 or $10 bets, a streak of bad luck has you betting hundreds of dollars on one spin. That’s busts your bankroll and leads to a “risk of ruin” — meaning you’ll lose your whole bankroll if you hit a bad luck streak. No matter what you read online, flat bets are better.
Take Breaks for Rest and Refreshments
Play when you are at your best physically and mentally. Don’t play when you’re tired or sleepy. Don’t play when you’re hungry or thirsty. Take frequent rest and restroom breaks. If you get bored, take a break and walk the casino. Play another game to change up the betting pattern.
When you are rested and engaged, you won’t have distractions that might lead to bad decisions. The idea is to have fun, so if anything is causing you to lose focus on the entertainment aspect of the game, walk away and save your bankroll.
Don’t Go on Tilt
Tilt is a concept in poker where a player makes decisions based on emotional responses instead of solid strategy. It can cost a player a lot of money if they make bets based on anything but rational decisions. While going on tilt is not a concept in slot machine gambling, every game of chance has a personal component.
In short, don’t play when you’re agitated. Take stock of your inner thoughts. If your ego or anger is causing you to make irrational decisions, take a deep breath and calm down. If that doesn’t work, walk away and clear your head. It stinks to lose a series of bets, but what stinks more is to lose a series of bigger bets when you’re trying to make up for lost bankroll.
“Hey there, Tex. You want some free money?”
If anyone ever says this to you, run away. There’s no such thing as free money and there’s always a catch when someone tells you that there is.
If there’s anything to be gleaned from movies about gambling, it’s that casinos are evil and they want to leave you with nothing…NOTHING.
But wait. What if movies aren’t like real life? And what if your main interest lies in playing the slots?
Here’s some good news, there are right ways to play pokies and come out on top. If you’re careful and calculated, you can avoid the typical pitfalls of casino life using some slot machine tricks.
Let’s go over some of the best practices when hitting the slots. Here are some dos and don’ts for making the most of your trip to the casino.
Grab a pack of cheap cigarettes and put your ugliest suit on, it’s time to gamble.
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Wait, Money Does Grow on Trees?
That thing at the beginning about running away when someone offers you free money?
Well here’s one case where it may actually work out in your favour. Let’s talk about the first thing you should do when trying to take advantage of the slots, use no-deposit bonus codes.
If you’ve ever been to Las Vegas, then you’ve seen what can only be described as casino heaven. The Vegas strip is a veritable pig pen of casino activity, and with so much competition between establishments, the different casinos need ways to get people into their building instead of someone else’s.
How To Make Money On Online Slot Machines
That’s where no-deposit bonus codes come in. These are essentially free money vouchers. The casinos use them to bring people in the doors, where they know that will power will eventually fade away along with the free money. So evil, right?
But if you’re smart and careful, you can take this free money and use it to make more money using some of the tricks we’ll outline here.
A Couple Slot Machine Tricks
Sure, most folks just waltz on to the casino floor and just start losing money, but it doesn’t have to be that way. If you get to know the way that casinos work, then you’ll be at an advantage.
Or at least an advantage over the other gamblers. The casino always has the advantage. Remember, you’re in their house.
Loose Slots
Yep, there is such thing as a “loose” slot machine. This is an old-school term that basically means that a slot is more likely to pay out.
In the age of digital slot machines, the actual mechanics of the machine don’t cause it to pay out more, but machines today have random number generators (RNG’s) that do pay out at different rates.
Casinos always keep the machines that have higher payout rates away from the ends of the aisles and away from doorways. This is to keep gamblers from winning big on a machine and immediately taking their business elsewhere.
So always make sure to get into the thick of it before you settle down at a machine.
Bet Max
What? Bet the max amount? Isn’t that the quickest way to bankruptcy?
Yes and no. Machines nowadays have multiple bet lines so when you bet the max you can take advantage of multiple lines. The odds of you winning don’t increase, but the amount you win will greatly increase when you do win if you bet max.
Different machines have different volatility levels. Machines with high volatility are quicker to run you out of town, but the winnings will be way better. Low volatility machines pay out less money at a higher frequency. Keep this in mind.
Play Classic Over Video
Those big flashy video slots with all the fun graphics and loud music? They aren’t just there to entertain you. They’re there to take your money.
The video slots are there to draw people in, and it works. But the casino’s cost of running and maintaining video slots is much higher and they take up tons of space compared to the other machines, so the payout is almost always lower.
Stick to the boring old slots. There’s less to look at but you might just leave them with heavier pockets.
Random or Progressive?
Temptation is the name of the game at the casino, and progressive slots are really tempting.
A progressive slot machine is one that pools all the money from everyone that’s played it since its last jackpot. There are also multi-slot progressive jackpots that pool a few different machines to tempt people with enormous payouts.
Keep It Random, Y’All
Random slots obviously look a bit less enticing, as they have a fixed jackpot. They do, however, pay out those jackpots more frequently. Pick your poison, but often good things come to those who wait.
Pay Tables
Take a look at the pay tables of different machines to compare. A pay table shows the payout for each combination of symbols/amount bet.
Pay tables can be an indicator of a machine’s volatility, and doing a little comparison rather than just sitting down randomly at a machine can help you in the long run. It’s better to take your time and find the right machine that your research tells you is more likely to pay out.
Talkin’ Bout Practice
Did you know that practice always makes perfect? Well, not perfect in this case because it’ll never be perfect. But there are websites where you can try out some of your strategies, look at pay tables, multipliers, and other game features without losing your hard earned dough.
Check out a practice site to try out different games and learn about the nuances of each slot machine. There is a lot of variance between machines when it comes to free spins, bonus rounds, and multipliers, so it will benefit you greatly to familiarize yourself before you do it for real.
Try Math
Listen, these god-forsaken machines were built on math. And if you really want to beat them, you have to fight fire with fire. This requires a lot of time and brainpower, but it is possible to give yourself a chance.
There are loads of math based strategies available online. While they certainly don’t guarantee success, they at least allow you to feel like you’re in control over the game. Get a good pocket-sized calculator, a notepad, and a pen and go get yourself some money.
Know When to Give up on a Machine
This is an easy one. Sometimes you just have to know when to give up if a machine isn’t paying out. It’s not exactly following your gut, but more like letting the results dictate what you do.
You never want to end up like the old person sitting at the same machine for hours on end in their sweats, smoking cigarette after cigarette, dumping all of their excess money into the slots.
And what was stated earlier rings is all too true. The slots will always win in the end.
The easy way to avoid this is to have the willpower to walk away and find another machine. You can do it.
Bounce Around
Not staying too long at one machine is one of the more obvious tips. But if you have the option, bouncing around to different casinos is another good move.
Casinos are all vying for your business, and as mentioned earlier, they will offer you different perks to get you in their clutches. Why exploit the generosity of just one establishment when you can get free spins, chips, and bonuses from two? Or three? Or four? Don’t limit yourself.
Have Limits
No, but do limit yourself though. If you’re not having a good day at the races, pack it in early.
It’s really easy to go down a dark gambling hole, and that’s what the casinos want you to do. But you can always go back, so don’t be discouraged.
Set a limit for yourself on how much money you are willing to spend at this place, and fastidiously stick to it. Yes, the next spin could change your life, but what if it’s actually about 150 spins from now? Be careful out there.
Good Luck
The bottom line in all of this is that this is all luck based. If you are playing the slots and using slot machine tricks expecting to win, you’re doing it wrong! There are lots of so-called “experts” telling you how to play the pokies, but the best advice is to not let the pokies play you.
All that you can do is employ some of these strategies and hope for the best, and you’ll be in a better position than if you just go in blind. Even the most seasoned and strong-willed gambler is at the mercy of the slot machine.
In any case, good luck to all and visit our pokies blog for more articles about all things pokies or look at one of our many gambling guides to gambling in Australia.